Item - 2019.GL5.23

Tracking Status

  • City Council adopted this item on June 18 and 19, 2019 without amendments and without debate.
  • This item was considered by General Government and Licensing Committee on May 21, 2019 and was adopted with amendments. It will be considered by City Council on June 18 and 19, 2019.

GL5.23 - Update on Composition of Ontario Municipal Employees Retirement System's (OMERS) Management and Boards

Decision Type:
ACTION
Status:
Adopted on Consent
Wards:
All

City Council Decision

City Council on June 18 and 19, 2019, adopted the following:

 

1.  City Council receive the report (May 17, 2019) from the Controller for information.

Background Information (Committee)

(May 17, 2019) Report from the Controller on Update on Composition of Ontario Municipal Employees Retirement System's (OMERS) Management and Boards
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-133310.pdf
(May 16, 2019) Attachment 1 - Memorandum from Oliver Jerschow, Director, Employer and Stakeholder Relations, Ontario Municipal Employees Retirement System (OMERS) to Hatem Belhi, Director, Pension, Payroll and Employee Benefits, City of Toronto, Regarding the Composition of OMERS Management and Boards
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-133311.pdf

GL5.23 - Update on Composition of Ontario Municipal Employees Retirement System's (OMERS) Management and Boards

Decision Type:
ACTION
Status:
Amended
Wards:
All

Committee Recommendations

The General Government and Licensing Committee recommends that:

 

1.  City Council receive the report (May 17, 2019) from the Controller for information.

Origin

(May 17, 2019) Report from the Controller

Summary

The purpose of this report is to provide a summary of the composition of the Ontario Municipal Employees Retirement System's (OMERS) upper management for the main company, as well as the various subsidiaries it runs, with a focus on the percentage of women in management, subsidiaries, and boards.

Background Information

(May 17, 2019) Report from the Controller on Update on Composition of Ontario Municipal Employees Retirement System's (OMERS) Management and Boards
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-133310.pdf
(May 16, 2019) Attachment 1 - Memorandum from Oliver Jerschow, Director, Employer and Stakeholder Relations, Ontario Municipal Employees Retirement System (OMERS) to Hatem Belhi, Director, Pension, Payroll and Employee Benefits, City of Toronto, Regarding the Composition of OMERS Management and Boards
https://www.toronto.ca/legdocs/mmis/2019/gl/bgrd/backgroundfile-133311.pdf

Motions

1 - Motion to Add New Business at Committee moved by Councillor Josh Matlow (Carried)

2 - Motion to Amend Item moved by Councillor Paul Ainslie (Carried)

That the General Government and Licensing Committee amend Recommendation 1 as follows:

 

1.  City Council The General Government and Licensing Committee receive this report for information.

Source: Toronto City Clerk at www.toronto.ca/council